Program Content
The potential for money laundering and terrorist financing abuse within the international trade system is receiving heightened awareness among financial institutions and regulatory agencies. In fact, the Financial Action Task Force recently published a best-practices paper on trade-based money laundering that outlines the basic guidelines for mitigating risk.
Would you like to know new methods for identifying potential red flags? Listen to this broadcast. You’ll discover how to arm your organization with the right tools to efficiently prevent financial system misuse while complying with laws in diverse jurisdictions.
Defined as “the use of international trade to convert large quantities of illicit or ‘dirty’ cash into less-conspicuous assets or commodities,” trade-base money laundering is now generating intense scrutiny from regulatory agencies. Find out how your financial institution can provide better processes and controls by listening to this broadcast.
Speakers from SAS and International Trade Alert will discuss how to automatically:
- Monitor trade-based activities.
- Detect suspicious pricing and transactions.
- Assess risks posed by trade financing events.
- Take action to mitigate these risks.
Sponsors
The Florida International Bankers Association (FIBA) Inc. is a nonprofit trade association that represents financial institutions in the US and 18 countries that are active in international banking and finance. Member banks offer international correspondent banking, trade finance and international wealth management/private banking services for nonresidents, including estate and succession planning.
SAS is one of the largest software companies in the world. With consistent revenue growth and profitability since 1976, SAS has the depth of resources to sustain excellence in product development and customer support. While many competitors have merged, changed ownership or simply vanished, privately held SAS has remained focused on our primary mission – delivering superior software and enhancing customer relationships.
| Learn how SAS has a proven track record of helping banks worldwide satisfy regulators by monitoring customers and transactions based on each bank’s specific money-laundering and terrorist-financing risks. |
Participant level of understanding
This program is intended for participants with a basic or intermediate level of understanding on the topic.
About John Zdanowicz, PhD, International Trade Alert Inc.; David Stewart, SAS; Timothy P. Leary, Federal Reserve System
John Zdanowicz, PhD, FIBA Professor, Florida International University, President, International Trade Alert Inc.
Dr. Zdanowicz, the Florida International Bankers Association (FIBA) Professor of Finance, earned his PhD in finance from Michigan State University and was the Director of the Center for Banking and Financial Institutions at Florida International University. He serves on the editorial board of Money Laundering Alert and was a trainer at the Financial Fraud Institute at the Federal Law Enforcement Training Center.
Zdanowicz has been engaged in trade pricing research for more than 15 years and established International Trade Alert Inc. to provide international trade data analysis, training and consulting services.
David Stewart, CAMS, Director, Anti-Money Laundering and Financial Crimes, SAS
David Stewart is responsible for leading strategy development, driving product management and providing key marketing counsel for SAS’ anti-money laundering, fraud management and fair banking groups. In addition to working closely with financial services institutions and regulatory agencies, Stewart collaborates with SAS’ research and development organization, as well as implementation teams, to deliver industry best practices for AML compliance.
Stewart holds a bachelor’s degree in economics from North Carolina State University and is a certified anti-money laundering specialist.
Timothy P. Leary, Special Anti-Money Laundering Examiner at the Board of Governors of the Federal Reserve System
Timothy P. Leary is a Senior Special Anti-Money Laundering Examiner at the Board of Governors of the Federal Reserve System in Washington, D.C. In this position, he works with Reserve Bank and Board staff in designing supervisory strategies to address complex BSA/AML issues and planning examination approaches to large banking organizations and financial institutions. Mr. Leary also participates on behalf of the Board in interagency groups that include industry representatives and other federal government agencies to develop and communicate BSA/AML policy guidance for financial institutions. He has served as a member of the interagency drafting group of the FFIEC BSA/AML Examination Manual since the group’s inception in 2005.
Prior to joining the Board, Mr. Leary served for a number of years as Special Counsel for BSA Compliance at the Office of Thrift Supervision (OTS), worked as an attorney in OTS’s Regulations and Legislation and Enforcement divisions, and clerked for the Chief Administrative Law Judge at the U.S. Department of Labor. He holds a Bachelor of Arts (magna cum laude) from West Virginia University, where he was elected Phi Beta Kappa, and a Juris Doctor from the College of William and Mary. He is a member of the Virginia State Bar.
